Petrol Prices May Go Up Again From November Due To Falling Rupee
The government increased per litre cost of petrol by Rs10. 49 and high-speed diesel by Rs 12.44 for the next fortnight last week.
Oil Marketing Companies (OMCs) have also hinted at increasing POL prices again, saying that Rs 7 increase is expected from the next month. The industry experts say that diesel price may go up to Rs 9 per litre. They also believe that fluctuations in the imported oil prices during the next five days may fix the final prices.
Last week, the government announced a massive price hike in petroleum products, increasing the per litre cost of petrol by Rs10.49 and high-speed diesel by Rs12.44 for the next fortnight on October 16.